Earthquake budget, €160 mln for reconstruction

13/12/2019 18:17

The government will take 105 million EUR to fund the reconstruction program after the November 26th eqarthquake.

The Commission of Economy changed the draft-budget of 2020 by increasing it with 13 billion ALL.

The government will borrow 42 billion ALL this year, a number that in 2019 was 29 billion.

The deficit will grow from 1.6% of the GDP to 2.25%.

The total fund that will be made available for the reconstruction of homes will be 20 billion ALL.

Besides the 13 billion ALL that will be borrowed, the government also expects to receive 7 billion ALL from other donations that come from foreign governments, businesses and citizens.

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